Amazon Inc. (AMZN): Consolidation Near Key Levels, Awaiting Bre
🔥 Potential Price Targets (Next Month):
🩸 Near-term Goal: $230.00
🩸 Long-term Goal: $240.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $223.38, targeting $230.00 and $240.00. Momentum supported by strong volume required for confirmation.
🩸 Short: Below $215.36, aiming for $210.00 and $200.00. Bearish MACD suggests downside potential if support fails.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $223.38 – Breaking this level may lead to a continuation toward $230.00.
🩸 Support: $215.36 – A breakdown could pave the way for further declines.
Analysis:
Amazon is consolidating within a tight range. MACD remains neutral but hints at a potential bearish crossover. The stock is trading above its 200-day EMA ($190.96), suggesting a long-term bullish sentiment. However, failure to sustain above $223.38 could indicate a reversal. Watch for decisive moves to determine the next trend.
👑 "The market rewards those who plan ahead, not those who hesitate." — LucanInvestor
🩸 Near-term Goal: $230.00
🩸 Long-term Goal: $240.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $223.38, targeting $230.00 and $240.00. Momentum supported by strong volume required for confirmation.
🩸 Short: Below $215.36, aiming for $210.00 and $200.00. Bearish MACD suggests downside potential if support fails.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $223.38 – Breaking this level may lead to a continuation toward $230.00.
🩸 Support: $215.36 – A breakdown could pave the way for further declines.
Analysis:
Amazon is consolidating within a tight range. MACD remains neutral but hints at a potential bearish crossover. The stock is trading above its 200-day EMA ($190.96), suggesting a long-term bullish sentiment. However, failure to sustain above $223.38 could indicate a reversal. Watch for decisive moves to determine the next trend.
👑 "The market rewards those who plan ahead, not those who hesitate." — LucanInvestor
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